Eicher Motors gained 0.85% to Rs 18,682 at 15:30 IST on BSE after sale volume of VE Commercial Vehicles rose 43.02% to 5,771 units in May 2016 over May 2015.
The announcement was made during trading hours today, 1 June 2016.Meanwhile, the BSE Sensex was up 40.39 points, or 0.15%, to 26,708.35.
On BSE, so far 4,944 shares were traded in the counter, compared with an average volume of 5,408 shares in the past one quarter. The stock hit a high of Rs 18,814.90 and a low of Rs 18,437.50 in intraday trade.
Separately, Eicher Motors said that total motorcycle sales rose 37% to 48,604 units in May 2016 over May 2015. Exports of motorcycles jumped 86% to 1,372 units in May 2016 over May 2015.
Eicher Motors is the flagship company of the Eicher Group. EML is one of the leading players in the Indian automotive space. EML's joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets fuel-efficient trucks and buses. It owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India.
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